Neutral/Negative Catalysts
- Latest quarter shows sharp deterioration (revenue down ~20.7% YoY; EPS -0.15; net loss), which typically caps multiple expansion.
- Failed Aya merger removed a clear takeout floor; the stock is now more dependent on operational turnaround.
- Very high implied volatility implies the market expects big swings; near-term direction is less reliable.
- No fresh news in the last week to act as an immediate upside catalyst.